Sunrun (NASDAQ:RUN) CAO Maria Barak Sells 1,630 Shares

Sunrun Inc. (NASDAQ:RUN) CAO Maria Barak sold 1,630 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $18.55, for a total transaction of $30,236.50. Following the transaction, the chief accounting officer owned 85,643 shares of the company’s stock, valued at $1,588,677.65. The trade was a 1.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Maria Barak also recently made the following trade(s):

• On Tuesday, January 6th, Maria Barak sold 1,201 shares of Sunrun stock. The stock was sold at an average price of $17.80, for a total transaction of $21,377.80.

Sunrun Trading Up 4.5%

Sunrun stock opened at $18.90 on Tuesday. The company has a market cap of $4.39 billion, a price-to-earnings ratio of -1.69 and a beta of 2.35. The firm has a 50-day moving average of $18.69 and a 200-day moving average of $16.28. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.46 and a quick ratio of 1.06. Sunrun Inc. has a one year low of $5.38 and a one year high of $22.44.

Sunrun (NASDAQ:RUN) last released its earnings results on Thursday, November 6th. The energy company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.05. Sunrun had a positive return on equity of 19.34% and a negative net margin of 106.50%.The business had revenue of $724.56 million for the quarter, compared to analyst estimates of $601.15 million. During the same quarter in the prior year, the company posted ($0.37) earnings per share. Sunrun’s revenue was up 34.9% on a year-over-year basis. On average, equities analysts expect that Sunrun Inc. will post -0.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets set a $19.00 target price on shares of Sunrun and gave the company a “market perform” rating in a report on Wednesday, October 15th. Morgan Stanley lifted their target price on Sunrun from $20.00 to $21.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 2nd. TD Cowen raised their price target on Sunrun from $22.00 to $23.00 and gave the company a “buy” rating in a report on Friday, November 7th. The Goldman Sachs Group increased their price objective on shares of Sunrun from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, Guggenheim raised shares of Sunrun from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.70.

Institutional Trading of Sunrun

Hedge funds and other institutional investors have recently bought and sold shares of the business. PGGM Investments grew its position in shares of Sunrun by 316.6% during the 2nd quarter. PGGM Investments now owns 7,007,258 shares of the energy company’s stock worth $57,319,000 after purchasing an additional 5,325,332 shares in the last quarter. Maple Rock Capital Partners Inc. boosted its stake in shares of Sunrun by 95.6% in the second quarter. Maple Rock Capital Partners Inc. now owns 8,132,648 shares of the energy company’s stock valued at $66,525,000 after buying an additional 3,974,464 shares during the period. Voloridge Investment Management LLC acquired a new stake in Sunrun during the third quarter worth approximately $40,193,000. Robeco Schweiz AG bought a new position in Sunrun during the 3rd quarter worth $36,969,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in Sunrun by 132.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,821,106 shares of the energy company’s stock valued at $48,777,000 after acquiring an additional 1,609,803 shares in the last quarter. Institutional investors and hedge funds own 91.69% of the company’s stock.

About Sunrun

Sunrun, Inc (NASDAQ: RUN) is a leading provider of residential solar energy systems in the United States. The company designs, installs and maintains rooftop solar panels and battery storage solutions for homeowners under flexible financing arrangements. Customers can choose from leasing, power purchase agreements or solar ownership models, all of which are supported by Sunrun’s network of installation partners and service technicians. Sunrun also offers integrated home energy management services, including its Brightbox battery storage product, which enables customers to store solar energy for use during peak hours or power outages.

Founded in 2007 by Lynn Jurich, Ed Fenster and Nat Kreamer, Sunrun is headquartered in San Francisco, California.